Inditex absorbs the VAT raise Spain!

July 17, 2012

The most influential fashion houses in Spain as for example Inditex, Mango and Calzedonia, among other brands, have decided to absorb the increase of the VAT from 18 to 21 per cent. The companies state that it wouldn’t be fair or appropriate to make the final consumer pay this raise considering the country’s delicate and unstable situation.

Image source: Google

Tags: Calzedonia, increase, Inditex, Mango, raise, VAT